Listen: Wall Street Journal, Dow And Connie Otani discussed on WSJ What's News
"Lot of the large banks are in their in macy's stock falls after reports lower than expected earnings. They've making a lot of moves closing underperforming stores. You know when you still sort of can't move the needle enough. It's got to be very frustrating. This is what's news from the wall street street journal. I'm charlie turner in new york. We'll have those stories in a moment first. Here's some other stories we're following and the big story was a massive market. Selloff stocks walks tumbled wednesday on more signs that global economic slowdown is taking hold. The dow jones industrial average plummeted eight hundred points three percent. It was the dow's house biggest loss of the year the nasdaq composite and the s. and p. five hundred also fell three percent each wall street journal markets reporter connie otani said stocks were hurt bad economic news from overseas chinese factory production consumption and property investment all fell more than expected and then we also saw data that showed the the german economy actually shrank in the second quarter so you have all that sending sort of negative tone about the global economy"